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Health Benefits Offer Rates: Fact And Figures

The Kaiser Family Foundation released a report that detailed the rates and statistics of health benefits offered to individuals.

The Kaiser Family Foundation released a report that detailed the rates of health benefits offered to individuals. In 1999, 66% of firms offered health benefits to their employees, and that figure remained somewhat consistent until 2004, at which point the percentage dropped to 60%. It rose the following year by 1%, though dropped 2% to a total of 59% in 2007. While the percentages over the years have seen some ups and downs, the greatest increased happened in 2010, the year the Affordable Care Act was signed, where 69% of firms offered health insurance. That number has since dropped considerably, and in 2015, only 57% of firms offered health insurance. These are just a few numbers presented by the KFF in their report. The following is a further breakdown of those statistics:

In 2015, 98% of large firms (in excess of 200 employees), offered health insurance to “some” employees. Comparatively, 56% of small firms with less than 200 employees but greater than three, offered health insurance.

In 2015, 97% of firms with over 100 employees offered health insurance to “some” employees, 89% of firms with 50-100 employees.

47% of firms with 3-9 employees are likely to offer health insurance, while 63% are likely to offer it within their firms of 10-24 employees. 82% of firms with 25-49 employees offer health care, and 92% of firms with 50-199 employees offer health care.

Age also affects the statistics. In firms where employees are 26 or younger, there is a 35% chance the firm is less likely to offer health insurance as opposed to firms where less than 35% of employees are under the age of 26.

19% of those firms offering health care, offered healthcare to their part-time employees. However, firms with over 200 employees are 35% likely to offer part-time employee benefits in contrast to those with under 200 employees, who are only 18% likely.

Only 3% of those firms offering health care, offered healthcare to temporary employees. Of that 3%, 11% of firms with over 200 employees are likely to offer benefits to temporary employees, compared to the 3% of firms with under 200 employees.

2015 statistics for health care among families were positive. 98% of small firms offered health care to employees’ spouses, while 100% of large firms offered it. 96% of small firms offered health care to dependents and children, while once again 100% of large firms offered health care.

To view the Kaiser Family Foundation’s Health Benefits Offer Rates reports, click .

Robert Sheen: Robert Sheen is Founder and President of Trusaic. Robert is a graduate of the University of Southern California, in Business Administration with an emphasis in International Finance. He earned his Juris Doctor from Loyola Law School, Los Angeles, concentrating in Tax Law.
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